President Ilham Aliyev: Azerbaijani entrepreneurs fulfilling their civic duty with dignity

President Ilham Aliyev: Azerbaijani entrepreneurs fulfilling their civic duty with dignity

BAKU, Azerbaijan, April 2


Azerbaijani entrepreneurs are fulfilling their civic duty with dignity, said President of the Republic of Azerbaijan Ilham Aliyev when receiving Minister of Economy Mikayil Jabbarov, Trend reports.

“Our economic momentum this year has been very positive. In January-February, the gross domestic product increased by 2.8 percent, in the non-oil sector by 6.7 and in the non-oil industry by 21.7 percent. Inflation was only at 2.8 percent, while household incomes increased by 9 percent. In other words, revenues exceeded the inflation. At the same time, tax and customs authorities transferred large amounts of money into the state budget in two months. Tax authorities contributed 170 million into the budget and customs authorities a further 80 million manats. Of course, we hope that this dynamics will be continued throughout the year and thus additional revenues will come into our budget, making it possible to implement additional social programs,” said the head of state.

He noted that it is a little too early to talk about the results of March.

“The State Statistical Committee usually submits data about a week after the end of the first quarter. Therefore, we will certainly analyze these figures but it is not too difficult to guess that the pandemic is posing and will pose great obstacles to our economic development, of course. In order to minimize the economic and social repercussions of the pandemic, 1 billion manats was allocated to the Cabinet of Ministers on my decision. On my decision, four working groups have been set up and their main focus has been on analyzing the issues of employment, submitting proposals, ensuring economic stability and economic development, maintaining macroeconomic stability and, having analyzed our financial situation, taking the necessary additional measures in this area by the end of the year. Of course, we are primarily paying attention to businesses operating in the areas worst affected by coronavirus,” said President Ilham Aliyev.

“First of all, we must take into account the financial situation of the people working there because the note submitted to me by the Ministry of Economy indicates which areas have suffered the most from this situation, and more than 300,000 people work in these areas. Of course, we are worried about their financial situation. We must support them, especially if we consider that I urged all Azerbaijani businessmen not to lay off workers. This request or requirement remains valid. I should also note that in these circumstances, Azerbaijani entrepreneurs are fulfilling their civic duty with dignity. To date, the Fund to Support the Fight Against Coronavirus, which was set up on my decree, has already accumulated over 100 million manats, and only 20 million of this amount was transferred from the President’s Contingency Fund. This suggests that a significant part of the funds represent donations from entrepreneurs who have shown solidarity in this matter,” said the head of state.

President Ilham Aliyev expressed confidence that his call not to lay off workers will and should be taken into account, of course.

“At the same time, it is clear that many areas and more than 40,000 businesses are practically inactive or work to a limited capacity. The state should help them. Therefore, an instruction has been given to take into account both the social security of those working in these entities and the activities of individual entrepreneurs. There are about 300,000 of them. The Ministry of Economy has received these instructions,” said President Ilham Aliyev.

4.3-magnitude quake jolts Azerbaijan
4.3-magnitude quake jolts Azerbaijan
Detention of Mubariz Mansimov can’t serve SOCAR's commercial interests (UPDATE)
Detention of Mubariz Mansimov can’t serve SOCAR's commercial interests (UPDATE)
Azerbaijan's Parliamentary Committee: Due to changes in oil prices, state taking necessary measures (UPDATE)
Azerbaijan's Parliamentary Committee: Due to changes in oil prices, state taking necessary measures (UPDATE)
Loading Bars
Uzbek Ipak Yuli Bank, EBRD increasing their support to entrepreneurs of Uzbekistan
Uzbek-Korean JV buys sockets, switches via tender
Bank loans on rise in Azerbaijan
Turkey, US trade turnover suffers drop in April 2020
Azerbaijani president opens newly renovated highway (PHOTO)
Turkmenistan evaluates new varieties of cotton
Net revenue of Kazakhstan's KazMunayGas plummets in 1Q2020
Turkish ministry reveals cargo transshipment through local Hopa port
Azerbaijani president launches newly renovated 'Tartar' power substation (PHOTO)
Chamber of Commerce talks problems created by ministries' merger in Iran
Coronavirus body count in Iran surpasses 8,000
Kazakh uranium producing company opens tender for equipment repair
Uzbekneftegaz, LUKOIL to create joint venture to develop fields in Uzbekistan
Azerbaijani president attends opening of Tartar Olympic Sports Complex
Kazakhstan's oil & gas company to buy spare parts for piston pumps via tender
Uzbekistan supports local tourism sector
Demand for land plots in suburbs increases in Georgia
Oil tops $40 for 1st time since March on OPEC cuts, demand recovery
Azerbaijani president inaugurates State Symbols Museum in Tartar (PHOTO)
Germany to lift travel ban for EU, Schengen countries and UK from June 15
Turkish general directorate to implement several energy projects
Azerbaijani president arrives in Tartar district for visit (PHOTO)
Kazakh national currency against US dollar rate breaks three-month record
Data on cargo transshipment through Turkish Gulluk port revealed
Georgian peaches to appear on Russian shelves soon
WB: Georgia ranks 24th in world in terms of remittances
Nagif Hamzayev: Everyone must be mobilized against those who violate rules of quarantine regime
Gold price lowers in Azerbaijan on June 3
Azerbaijani Veyseloglu Group to launch digital transformation project
Kazakhstan's Kyzylorda to apply innovative rice growing technology
Uzbekistan reveals data on state budget revenues of 1Q2020
BP to have Operator Workbench on all its offshore platforms in Azerbaijan
Turkey-Ukraine trade turnover drops
Social payments increase in Azerbaijan
Azerbaijan accounted for 7% of BP liquids output worldwide
Kazakhstan-based subsidiary of Russian bank decides against paying dividends
India triples import of Kazakh-made products
Turkmenistan launches pilot program to support start-ups
OPEC+ deal will see higher prices but muted levels of demand
No sign of peak oil demand in decade to come
Uzbekistan to start production of Volkswagen cars
Azerbaijan's oil up in price
Turkmenistan Railways passes new rules regarding passenger transportation
Non-cash transactions in Kazakhstan up due to coronavirus-related restrictions
Turkey exempts Azerbaijani citizens from visa
Turkish electricity company moves forward with its business in Uzbekistan
Turkmenistan to intensify co-operation with Russia's KAMAZ company
Geostat reveals inflation rate in Georgia
Georgian fruit processing company exports products to Russia
Weekly review of Georgian capital market
Georgia reports new COVID-19 cases
Uzbekistan aims to improve its position in international ratings
Fish processing plant to be commissioned in Kazakhstan's Kyzylorda
Azerbaijani currency rates for June 3
Armenia violates ceasefire with Azerbaijan 23 times
India's coronavirus cases cross 200,000, peak still weeks away
LNG industry to see first seasonal demand contraction since 2012
Well-known Chinese company registers as taxpayer in Uzbekistan
Uzbekistan reports 107 new COVID-19 cases
Kazakhstan’s oil producing company to buy accumulators via tender
Turkey sees drop in number of driven vehicles
IMF predicts decline in Georgia's foreign direct investments
LUKOIL opens new filling station in Azerbaijan
Kazakhstan's Samruk-Kazyna eyes selling its share in Kazatomprom
Iran's export via borders triples
WhatsApp, PayPal invest in Indonesian super app Gojek
Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros
Azerbaijan sets regulations for agricultural insurance system
Kyrgyzstan reports 26 new COVID-19 cases
Number of COVID-19 cases up in Kazakhstan
S. Korea reports 49 more cases of new coronavirus, total now at 11,590
NYPD: Officers fatally shoot man pointing gun at them
Chinese mainland reports no new domestically transmitted COVID-19 cases
Brazil’s coronavirus death toll exceeds 30,000
3 killed when helicopter hits power line in California
U.S. senator wants defense bill to ban use of military against peaceful protests
At least 11 people die, hundreds injured in US protests
Number of COVID-2019 cases across globe up by over 113,000 in past day - WHO
61 more coronavirus patients die in Moscow in past day
Turkey, Russia to start joint work to develop COVID-19 vaccine
Italy's death toll from coronavirus climbs to 33,530
Israeli missile hits test target 400 kilometers away
Spain reports no new COVID-19 deaths for 2nd consecutive day
Minnesota files civil rights charge vs police in Floyd death
Britain, EU clash over financial market access: diplomats
Paris police fire tear gas at protest of racial injustice
1 killed, 3 wounded in explosion in Kabul
UK COVID-19 deaths hit 39,369 as another 324 patients die
NYC extends curfew all week; mayor says no to National Guard
U.S. sanctions four shipping firms for transporting Venezuelan oil
Saudi Arabia reports 1,869 new COVID-19 cases, tally near 90,000
Turkey's COVID-19 cases top 165,000 as new infections drop for 5th straight day
Azerbaijan discloses number of coronavirus tests
Azerbaijan presents facts on Armenia’s crimes to UN Security Council
Serbia’s coronavirus cases reach 11,454
Azerbaijan’s Lankaran cannery talks about plans for 2020
Azerbaijani company talks production of disinfection equipment for escalators
Georgian airports preparing to receive visitors
Returning of deposits in liquidated banks starts in Azerbaijan
Armenia must end annexation policy, withdraw occupying forces from Azerbaijan's territory
All news